Help Needed! Working out my debt.

Hard_Worker_2

I am trying to work out what i actually owe when you disclose your total debt do you add on the interest?

Say i have a loan which has 66 months to go at £185 a month.

Would my debt be 66 x 185 = 12,210


or would my debt be the remaining fugure minus the APR?

I have told payplan total outstanding payments for loans ie. months remaining x monthly installments.

But for credit cards i have told them just the balance on the card.

Have i interpreted these right?

squirrel_pigeon

Since most loans have front loaded interest, your balance will be the number of payments x payment amount, so you've done that right. Same with the credit cards, although remember to keep checking your statements so you can update Payplan with balance changes/interest etc.